EURGBP has produced a bullish cypher pattern in addition to a number of other bullish signals. The PRZ of the cypher lies at a major support trendline (see chart below). A bullish Wolfe wave setup has been completed in the same area. Bullish RSI divergence is present and is also oversold at the PRZ. To add to the bullish bias, an unhit cluster of pivots sits...
We are seeing quite the textbook falling wedge pattern here. As selling pressure exhausts we can expect to see a rally from the bulls. The optimal entry will be on a break of the trend line, with stops placed below the lowest low of the wedge. Expect to see a rally up to around the 1.56500 level, with a break above the 1.57000 we can look for secondary targets.
Hi everybody !
USD has been the strongest currency since the end of 2014 summer. Does the speculation on the dollar is ending ? We are close to know it. After FOMC Yellen speech saying that FED won't be impatient to raise rates until economy recovered well could left the dollar uptrend out of breath. Moreover the stock market pressure could push Yellen in...
Zoomed out and now it looks bullish. A break above 1.1120 is a bullish signal, but a break above 1.1145 would be a strong bullish signal. Looking at the price action 1.1180 could be hit in the next couple to several hours if 20 is broken.
think there is a good probability for the EURUSD to target 1.1000. But it might not be that steep. Economic data coming up. A brea above 1.1120 and the upper line of the Falling Wedge could trigger a positive move for the Euro.
The pair has a falling wedge pattern nearing completion.
Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
Dear workmates !
Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen.
DXY 1D Timeframe View :
We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
Targeting 1148 and 1103.
Hidden bearish divergence adds additional confirmation
Minor trend line is broken as well
Would be more confident when price tests 1174.05 for resistance
Note: Price is trading within a falling wedge (although not complete yet), so keep an eye out on that.
1148 will be a level a watch (refer to notes on chart)
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens.
See Falling Wedge chart description here: www.freeonlinetradingeducation.com
Here's a simple chart to see that last weeks may have pushed to an important milestone, in normal-scale (I usually use log.scale).
> In blue you can see the all-time support trendline
> in green/red the falling wedge, correction from ATH
IMO excluding less than 24 days spikes to draw TRENDlines is to be done, so you got my green and red bold lines.
Several...
I'll mark myself down as long more as a technicality then a true conviction. In my opinion the charting suggest this is bullish, but I like to interpret our break through the multi-decade wedge resistance as a critical point (yet to indicate a particular direction). Despite every suit on CNBC calling the fall of the dollar, I would argue on a historical basis were...
Falling wedges are bullish formations. This is a nice daily Falling Wedge chart and a Double Bottom might be created soon.
See here: www.freeonlinetradingeducation.com
On the GBPUSD a Falling Wedge was drawn. In this case it could signal a bullish move. Bears are putting a lot of pressure on the cable because the rate hikes were postponed. From the technical perspective, though, a break above 1.6600 could trigger a rally to retest the trend line. A false breakout above the current resistance would be a negative signal. This is a...
- 4 H chart : I found this FALLING WEDGE : maybe this could be LONG in a SHORT time period (still BEARISH on WEEKLY).
- NEUTRAL SUPPORT ZONE btw 1268><1277
- DAILY chart : a test on 200 SMA (could act as support) and give a new run up
Conclusion : I am waiting for the reaction at 1300 (on 1H chart)
(This is my first chart published : advice are welcome)
Nice long spike few candles ago. Price looks to be breaking out of the falling trendline as well. Overall, it forms a falling wedge. Buy on retest of support @ 1.35226
What an interesting situation for the loonie. The primary trend is still up, since the price was rejected from the trend line. An up side move is also sustained by the Falling Wedge, drawn during the past two months. A break above 1.0800/0837 would raise the probability for the US dollar to recover the loss.
On a lower time span a break below 1.07100 could mean...
After a serious fall, the price action is now signaling a rally for the European single currency. The Falling Wedge, accompanied by the positive divergence on the 14 RSI, will be confirmed by a breakout above the upper line. My targets will be 1.36 and 1.3630.
